The global Mushroom Market size is expected to reach USD 115.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.7% over the forecast period. Increasing adoption of vegan diets across the developed economies on account of growing consumer concerns towards animal welfare and the environment is likely to have a positive impact on industry growth. Rising consumer preferences for natural ingredient-based food and cosmetic products around the globe owing to growing awareness regarding the side effects of their synthetic counterparts are expected to drive demand for mushrooms.
Furthermore,
mushrooms are rich sources of vitamins, antioxidants, essential oils,
proteins, and other bioactive compounds leading to their increasing demand from
pharmaceutical applications. Mushroom manufacturers have started focusing adoption
of sustainable production processes to attract an environment-conscious
customer base and improve brand position. For instance, Bonduelle Group, a
France-based mushroom producer, focuses on Agroecology, wherein the company
uses natural fertilizers and use renewable energy sources to produce
mushrooms. In addition, the company has also started using cardboard boxes by
replacing plastic packaging for its canned products starting November
2020.
The
manufacturers are using mergers and acquisitions and partnership agreement
strategies to expand the production capacity and increase their geographical
presence. For instance, in April 2019, Greenyard signed an agreement with
Carrefour Belgium, a retail group, for the supply of the former’s assortment of
fresh fruits and vegetables. The agreement was intended to strengthen the
commercial relationship of both companies and to expand the clientele base for
Greenyard.
Related Press
Release@ Mushroom
Market Report
List of Key Players of Mushroom Market
- Bonduelle
Group
- Costa Group
- CMP Mushroom
- Drinkwater
Mushrooms
- Greenyard
- Monaghan
Group
- Monterey
Mushroom, Inc
- OKECHAMP S.A
- Shanghai
Fengke Biological Technology Co., Ltd
- The Mushroom
Company
Mushroom Market Report Highlights
- By product,
the button type emerged as the dominant product segment and accounted for
61.8% of the total volume share in 2021. Wide-scale production, high shelf
appeal, low price, and high nutritional value of the product are the
factors that mainly attributed to segment growth
- The fresh
mushrooms segment led the market in terms of volume as compared to the
processed segment. The fresh segment is likely to witness a CAGR of 8.8%
in terms of revenue over the forecast period owing to the higher
preference of households and foodservice providers for fresh mushrooms to
prepare meals and other exotic food products
- The
supermarkets and hypermarkets segment dominated the market and accounted
for a revenue share of 38.3% in 2021 owing to the high penetration in the
developed markets in North America and Europe as well as growing
penetration in the developing economies
- The food
application segment held the largest revenue share of 86.8% in 2021. The
segment is expected to witness substantial growth on account of growing
consumer demand for packaged healthy food products
- Asia Pacific
dominated the market in terms of production and consumption. The
increasing vegan population in countries like China, India, and Japan is
expected to have a positive impact on industry growth
- Growing
demand for meat substitutes is likely to increase the demand for
mushrooms. For instance, Germany-based food startup Walding has developed
chicken alternatives using Laetiporus mushroom also known as chicken of
the woods. The introduction of such innovative products is anticipated to
open newer avenues to producers of mushrooms in the coming years
Mushroom Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2022 |
USD 54.9 billion |
|
Revenue forecast in 2030 |
USD 115.8 billion |
|
Growth rate |
CAGR of 9.7% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Historical data |
2017 - 2020 |
|
Forecast period |
2022 - 2030 |
Mushroom Market Segmentation
Grand
View Research has segmented the global mushroom market on the basis of product,
form, distribution channel, application, and region:
Mushroom Product Outlook (Volume, Kilotons; Revenue,
USD Million, 2017 - 2030)
- Button
- Shiitake
- Oyster
- Matsutake
- Truffles
- Other
Mushroom Form Outlook (Volume, Kilotons; Revenue,
USD Million, 2017 - 2030)
- Fresh
- Processed
Mushroom Distribution Channel Outlook (Volume,
Kilotons; Revenue, USD Million, 2017 - 2030)
- Direct to
Customer
- Grocery
Stores
- Supermarkets
& Hypermarkets
- Convenience
Stores
- Online
Stores
Mushroom Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2017 - 2030)
- Food
- Pharmaceutical
- Cosmetics
Mushroom Regional Outlook (Volume, Kilotons;
Revenue, USD Million, 2017 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- Central
& South America
- Brazil
- Argentina
- Middle East
& Africa
- Saudi
Arabia
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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